West Virginia Lottery

WVLottery MEGA Millions Jackpot Analysis

The MEGA Millions jackpot for the draw on Tue Oct 6, 2026 is estimated to be $345 Million, with a cash option of 139.6 Million. If you win the MEGA Millions jackpot, the IRS will withhold 24% of your prize money upfront, and you may owe up to an additional 13% in federal taxes when the tax is due. Additionally, if you are a resident of West Virginia, your state will take 6.5% of your lottery winnings.

Please note that the calculation of the Powerball jackpot prizes and taxes below is based on FEDERAL INCOME TAX BRACKETS FOR 2023.

West Virginia MEGA Millions Jackpot/Cash Option for Tue Oct 6, 2026

Draw Date	Jackpot	Cash Option
Tue Oct 6, 2026	$345,000,000	$139,600,000

Lumpsum Option Taxes and Payment

Category	Amount
Cash Gross Payment	$139,600,000
Federal Tax(24%)	$33,504,000
Additional Federal Tax	$18,108,330
State Tax(6.5%)	$9,074,000
Net Lumpsum Payment	$78,913,670

Annuity Payment in 30 Installations

Year	Gross Payment	Fed/State Tax	Net Payment
1	$5,192,595	-$1,881,591 -$337,519	$2,973,485
2	$5,452,380	-$1,977,711 -$354,405	$3,120,264
3	$5,724,930	-$2,078,554 -$372,120	$3,274,256
4	$6,011,280	-$2,184,504 -$390,733	$3,436,043
5	$6,311,775	-$2,295,687 -$410,265	$3,605,823
6	$6,627,450	-$2,412,487 -$430,784	$3,784,179
7	$6,958,650	-$2,535,031 -$452,312	$3,971,307
8	$7,306,755	-$2,663,830 -$474,939	$4,167,986
9	$7,672,110	-$2,799,011 -$498,687	$4,374,412
10	$8,055,750	-$2,940,958 -$523,624	$4,591,168
11	$8,458,365	-$3,089,925 -$549,794	$4,818,646
12	$8,881,335	-$3,246,424 -$577,287	$5,057,624
13	$9,325,350	-$3,410,710 -$606,148	$5,308,492
14	$9,791,790	-$3,583,293 -$636,466	$5,572,031
15	$10,281,345	-$3,764,428 -$668,287	$5,848,630
16	$10,795,395	-$3,954,627 -$701,701	$6,139,067
17	$11,334,975	-$4,154,271 -$736,773	$6,443,931
18	$11,901,810	-$4,364,000 -$773,618	$6,764,192
19	$12,496,935	-$4,584,196 -$812,301	$7,100,438
20	$13,121,730	-$4,815,370 -$852,912	$7,453,448
21	$13,777,920	-$5,058,161 -$895,565	$7,824,194
22	$14,466,885	-$5,313,078 -$940,348	$8,213,459
23	$15,190,005	-$5,580,632 -$987,350	$8,622,023
24	$15,949,695	-$5,861,718 -$1,036,730	$9,051,247
25	$16,746,990	-$6,156,717 -$1,088,554	$9,501,719
26	$17,584,650	-$6,466,651 -$1,143,002	$9,974,997
27	$18,463,710	-$6,791,903 -$1,200,141	$10,471,666
28	$19,386,930	-$7,133,494 -$1,260,150	$10,993,286
29	$20,356,380	-$7,492,191 -$1,323,165	$11,541,024
30	$21,374,130	-$7,868,758 -$1,389,318	$12,116,054